INTRODUCTION

The Republic of Cyprus offers a streamlined pathway to Cyprus Citizenship Fast-Track Applications for highly skilled individuals employed in specified sectors, as well as their families. This expedited process, regulated under Article 111B(2)  of the Civil Registry Law of 2002 and established by Decision no. 92.018 dated 15/10/2021, aims to attract and retain top talent to bolster the nation’s economy and innovation landscape.

ELIGIBLE COMPANIES

To qualify for Cyprus Citizenship Fast-Track process, applicants must be employed by specific types of companies recognized by the Cypriot government. These companies include:

1. Foreign Interest Companies: Businesses operating in Cyprus with independent offices distinct from private residences or other businesses – Read More Here!
2. Cypriot Shipping Companies: Firms engaged in the shipping industry within Cyprus.
3. Hi-Tech/Innovation Companies: Companies involved in advanced industries such as aerospace, IT, technology, pharmaceuticals, biomedical equipment, research and development, electrical machinery, chemicals, and non-electrical machinery.
4. Pharmaceutical and Biotechnology Companies: Cypriot companies active in pharmaceuticals, biogenetics, and biotechnology.
5. Registered Foreign Companies: Businesses listed in the Register of Foreign Companies by the Department of Population and Immigration Records.
6. Recognized International Educational Institutions: Higher education institutions accredited by the Agency for Assurance and Certification of the Quality of Higher Education for the employment of educational staff.

QUALIFICATIONS FOR APPLICANTS

Applicants must meet several criteria to be eligible for Cyprus Citizenship:

1. Continuous Residence: A minimum of 12 months of legal and continuous residence in Cyprus immediately before the application. Absences up to 90 days do not affect this period.
2. Long-Term Residence: Within the 10 years preceding the 12-month period, applicants must have cumulatively resided legally in Cyprus for at least 4 years (3 years with Greek language proficiency at level B1).
3. Good Character: Demonstration of good moral character.
4. Language Proficiency: Adequate knowledge of the Greek language at level A2 or B1.
5. Civic Knowledge: Understanding of Cyprus’s modern political and social realities.
6. Financial Stability: Sufficient financial resources to support themselves and their family members.
7. Intent to Reside: A declared intention to continue residing in Cyprus.

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HIGHLY SKILLED EMPLOYMENT CRITERIA

To qualify as highly skilled employees, individuals must either:

1. Hold Temporary Residence Permits: For employment in foreign interest companies, and belong to categories such as Director, Specialist, or Key Personnel.
2. Meet Salary and Qualification Requirements: Regardless of residence status, earn a minimum gross monthly salary of €2,500 and possess a university diploma or equivalent qualification, or two years of relevant professional experience.

Applicants must provide certification from the Company Facilitation Unit or the Department of Population and Immigration Records confirming the company’s eligibility under the specified criteria.

FAMILY MEMBERS

The expedited Cyprus Citizenship process also extends to family members, who may apply simultaneously or subsequently, provided they meet residence and language requirements. Eligible family members include:

1. Spouse or Civil Partner
2. Dependent Adult Child with a Disability: Defined as long-term physical, mental, intellectual, or sensory impairments that hinder full societal participation.

EXPEDITED CYPRUS CITIZENSHIP APPLICATION PROCESS

Applicants and their eligible family members can benefit from the Cyprus Citizenhip fast-tracked application review, which guarantees processing within 8 (Eight) months, upon payment of a €5,000 fee.

CONCLUSION

The Cyprus Citizenship fast-track application process presents an attractive opportunity for highly skilled professionals and their families, facilitating their integration into Cypriot society while contributing to the nation’s economic and technological advancement. Through this program, Cyprus aims to attract top talent and bolster its position as a hub for innovation and industry.

Yiorkas Law offers a comprehensive package of corporate and immigration services, from setting up your Cyprus Company, to obtaining your license as a Company of Foreign Interests and thereafter issueing the Working-Visas which will end up to the Cyprus Citizenship Fast-Track Application.